Bema, Ecuadorian swap shares
As a means to advance its South American projects, Ecuadorian Minerals (EMC-T) is exchanging 3.8 million of its shares for 3.3 million shares of Bema Gold (BGO-T).The trade, which is subject to regula…
News
Companies (November 15, 1999)
Aber ResourcesAfrioreAnaconda NickelAnglo AmericanAnglogoldApex Silver MinesAshanti GoldfieldsAtna ResourcesAurizon MinesBarrick GoldBattle MountainBema GoldBlack Hawk MiningCambiorCamecoCanarc Resour…
Eldorado continues turnaround in latest quarter
A year ago, Eldorado Gold (ELD-T) was in the red to the tune of US$115.6 million (or US$1.58 per share) for the 9-month period ended Sept. 30. A vigorous cost-cutting program has pushed the Vancouver-…
DIAMOND PAGE — Diamond Fields sells more gems
Vancouver-based Diamond Fields International (DFI-V) has sold a 6,475-carat parcel of diamonds from its Luderitz ocean concessions, off the coast of Namibia.The US$164-per-carat sale was preceded by t…
INVESTMENT COMMENTARY — Corner Bay gets nod for success at Alamo Dorado project
With results in hand from the final phase of infill drilling, mining analysts are awaiting a revised tonnage estimate for Corner Bay Minerals’ (bay-t) Alamo Dorado silver project in Sonora state, Mexi…
DIAMOND PAGE — Nora ties up more ground in Namibia
Nora Exploration (NXI-M) is poised to earn a majority interest in 1,000 sq. km of marine concessions off the coast of Namibia.To earn an initial 30%, Nora must pay South African-based Woduna Mining Ho…
Royal Gold sees higher earnings
Thanks to higher gold prices and greater production from the Pipeline complex in central Nevada, Royal Gold (RGLD-Q) is enjoying higher earnings.The company returned to profitability in July, after co…
Ashanti Goldfields rejects revised Lonmin bid
Ashanti Goldfields (ASL-N) has rejected a revised takeover offer from British-based Lonmin, its major shareholder.Lonmin, which owns 32% of the Ghanaian-based miner, increased its bid of 16 shares for…
Black Hawk executive expands holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Afriore (AFO-V) — Harvey White, executive of a company affiliated with Afri…
Tulawaka reveals more gold
Partners Pangea Goldfields (PGD-T) and Minires du Nord (MDN-M) continue to report high gold values from their Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Results from 15 holes i…
Silver Standard eyes Nevada silver mine
An agreement with a unit of Kinross Gold (K-T) sets the stage for Silver Standard Resources (SSO-V) to acquire the past-producing Candelaria silver mine in western Nevada.By issuing 50,000 shares to K…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping silver slams miners
The Dow Jones industrial average posted a modest gain of 35.48 points for the week ended Nov. 9, closing at 10,617.32. Miners were mixed with gold and copper holding steady and silver sliding.American…